TB2013.17
Trust Board Meeting: Wednesday, 9 January 2013
TB2013.17
Title
Audit Committee
Status
A paper highlighting key areas of discussion at the
Audit Committee meeting held on 14 November
2012, and formally presenting the minutes of the
meeting of 14 September 2012
History
This is a regular report to the Board
Board Lead
Mrs Anne Tutt, Committee Chairman
Key purpose
Strategy
TB2013.17 Audit Committee Chairman Report
Assurance
Policy
Performance
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Oxford University Hospitals
TB2013.17
Summary
1
The Audit Committee met on 14 November 2012.
2
This paper sets out the key decisions, actions, risks and matters for future
consideration as raised by the Committee. Attached are the approved minutes
of the Committee’s meeting held on 14 September 2012.
3
Recommendation:
The Board is asked to note the contents of this paper.
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Oxford University Hospitals
1.
TB2013.17
Introduction
The Audit Committee met on 14 November 2012. The approved minutes of the 14
September 2012 meeting are attached as Appendix A.
2.
Significant issues of interest to the Board
The Committee received and noted the proposed amendments to the Standing Orders /
Scheme of Delegation / Standing Financial Instructions. It received the following reports:
Cycle of Business, Board Assurance Framework, Corporate Risk Register, Internal Audit
Progress Review, Counter Fraud Progress Report and Compliance Reports.
3.
Key Risks Discussed
The following potential risk was discussed:
• The impact around overseas private patients and a clear process for recovering
monies particularly where an emergency had developed into a long term
condition.
In addition the committee discussed risk appetite and the need to take a realistic approach
to risk which may require the Trust to take measured risks in some areas across a broad
range of items to enable the Trust to deliver transformation of services and deliver on its
targets.
4.
Key decisions taken
The following key decisions were made:
• The Cycle of Business was agreed with some minor amendments.
• The Risk Deep Dives Programme was agreed with an opportunity for the
Committee to do a look back and forward in March.
• The amendments to the Standing Orders / Scheme of Delegation / Standing
Financial Instructions be recommended to the Board for approval at their
meeting in January.
5.
Agreed Actions
• Amend the Cycle of Business to include a review of any material judgements in
May.
• Review best time for the quality deep dive to take place in conjunction with the
quality committee timescales and other factors.
• Include tracked debtors and debtor days in the Debtors and Cash Control
Environment assurance review paper.
• Include a paragraph in the Internal Audit Progress Review confirming that the
Committee was dealing with the right issues and how national issues could
affect the Trust.
• To colour code future waivers and rejections paper highlighting new additions.
6.
Matters deferred for future consideration
• There were no matters deferred for a future meeting.
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Oxford University Hospitals
TB2013.17
7.
Assurance required from/actions required by other Board sub-committees
• The Committee did not require actions or assurance from other Board subcommittees.
8.
Matters to be referred to the Trust Board
• The amendments to the Standing Orders / Scheme of Delegation / Standing
Financial Instructions be recommended to the Board for approval at their
meeting in January.
Anne Tutt, Audit Committee Chairman
January 2013
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